Tag Archives: Freedom Mortgage

Freedom Mortgage Corp., is the latest company to resolve claims that it violated the False Claims Act by knowingly originating and underwriting single-family mortgage loans insured by the FHA that did not meet the mortgage insurer's requirements.

After a summer of ups and downs, mortgage application volumes (as reported by the Mortgage Bankers Association) stunned in early September with a 7.2 percent week-over-week drop, bringing the association's index to its lowest level in 14 years. While there are a number of factors that could have played a role in the latest plunge, general unsteadiness in the current economic picture remains the underlying problem.